Instant mortgage misery… and it’s not over yet
Instant mortgage misery… and it’s not over yet
The Bank of England raised interest rates to 3%, the biggest hike in 33 years (Picture: Shutterstock)
Millions face the instant pain of bigger mortgage payments after the Bank of England raised interest rates 0.75% to 3% – the biggest jump since 1989 – to fight inflation.
As the bank warned a record two-year recession was coming, chancellor Jeremy Hunt forecast a ‘very tough’ time for families –…